Michael Barone puts it all into rather stunning context at the Washington Examiner:
The upshot is that Speaker-to-be John Boehner will have a workable House majority, larger than the Republicans had during the 12 years they controlled the House from 1994 to 2006, larger than Republicans have enjoyed since the 80th Congress elected in 1946 which enacted laws which resulted in enduring public policies in 1947 and 1948. The sweet spot in the House, I would argue, is around 250 seats, enough so that you can let a fair number of your member dissent on a particular vote but not so many that dozens of members feel free to ignore party discipline because the party’s majority is so large. A 67-seat Republican gain would mean a House with 246 Republicans and 189 Democrats–a smaller number of Democrats than in any House since the one elected in 1946. The popular vote for the House is not yet available. California takes five weeks to count all its votes, a vivid contrast with Brazil, which voted on Sunday, where all the votes were counted within five hours (what is wrong with this picture?). But the popular vote appears to be a near-reversal from the Democrats’ popular vote 2008 majority in the popular vote for the House which was 54%-43%; the Republicans’ majority is likely to be greater than in 1994 and the largest since 1946 (54%-44%) and perhaps since 1928 (57%-42%). We are, as I wrote in the first sentence of my Examiner column, in uncharted territory.
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